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Please help with the following questions 1. What are the three methods of accounting for bonds refunding and how is bonds refunding recorded under the

Please help with the following questions

1. What are the three methods of accounting for bonds refunding and how is bonds refunding recorded under the current GAAP?

2. Explain what is a derivative and describe the accounting for fair value and cash flow hedges required by SFAS No. 133

Thanks in advance!

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